基于超效率 DEA 与 Malmquist模型的河南省城投公司运营效率评价研究

摘要：

由地方政府设立和资助的城投公司在我国城市基础设施建设中发挥着重要作用。基于河南省69家城投公司的财务数据，选取适当的投入和产出指标，运用超效率DEA与Malmquist指数模型，对2016-2022年河南省城投公司的营运效率分别进行了静态和动态评价.结果表明，近年来河南省城投公司的经营效率较高，均值达到了0.936，但达到有效水平的企业较少，占比仅有15%；Malmquist指数分析结果显示，2016-2022年河南省城投公司全要素生产率趋势向好,各项指数均值均大于1，而且新冠疫情防控期间河南省城投公司的融资环境不仅进一步向好，城投行业也迎来“结构性利好”。最后，根据实证分析的结果，对河南省城投公司提高营运效率、实现市场化转型，提出相关政策建议。

Urban investment companies (UICs) established and financed by local governments play an important role in

the construction of urban infrastructure  in China.Based on the financial data of 69 urban investment companies in Henan Prov-ince,appropriate input and output indicators are selected,and the super-efficiency DEA and Malmquist index model are applied to evaluate the operational efficiency of urban investment companies in Henan Province from 2016 to 2022 in a static and dy-namic manner, respectively.The results show that in recent years,the operating efficiency of urban investment companies in Henan Province is high,and the average valueis 0.936,but only fewer enterprises reach the effective level,accounting  for only 15%;the company's total factor productivity trend is good, the average value of all indices is greater than 1,and the financing environment of urban investment companies in Henan Province during the new coronavirus epidemic is not only further im-proved,but also ushered in a structurally favorableurban investment industry.Finally,basing on the results of the empirical analysis,we put forward relevant policy recommendations to improve the operational efficiency and realize the market-oriented transformation of urban investment companies in HenanProvince.

作者：

杨雪，杨运，李智军，王菲，刘晨，汪涛

Yang Xue,Yang Yun,Li Zhijun,Wang Fei,Liu Chen,Wang Tao

机构地区：

华北水利水电大学管理与经济学院；新乡国有资本集团；

郑州工程技术学院经济贸易学院；信阳市委办公室

引用本文：

杨雪 ,杨运 ,李智军等 . 基于超效率 DEA与 Malmquist模型的河南省城投公司运营效率评价研究[J] . betway官方app 学报(自然科学版) ,2024,52(6) :45-54. (Yang Xue,Yang Yun,LiZhijun,etal.The operation ofcityinvest- mentcompany based on super efficiency DEA and Malmquist model[J] . Journal of Henan Normal University (NaturalScience Edition) ,2024,52(6) :45-54. DOI:10. 16366/j. cnki.1000-2367. 2023. 07. 10. 0001. )

基金：

国家自然科学基金；河南省高等学校哲学社会科学应用研究重大项目；河南省商务厅项目；河南省软科学研究计划项目 

关键词：

河南省城投公司；超效率DEA；Malmquist模型 ；效率评估

Henan urban construction investment company;super-efficiency DEA;Malmquist model;efficiency evalua-tion

分类号：

F224；F832. 39  

基于超效率DEA与Malmquist模型的河南省城投公司运营效率评价研究.pdf